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Current Mortgage Rates 2020

Current Mortage Rates

Compare Today’s Best Mortgage Rates in 2020

Current mortgage rates by term:

Term                                           APR                   Interest Rate
10-Year Fixed Rate                  3.01%                2.85%
15-Year  Fixed Rate                 3.07%                2.79%
20-Year Fixed Rate                 3.50%                3.27%
30-Year Fixed Rate                 3.52%                3.27%

What are today’s mortgage rates?

On Saturday, August 29, 2020, according to Bankrate’s latest survey of the nation’s largest mortgage lenders, the benchmark 30-year fixed mortgage rate is 3.130% with an APR of 3.440%. The average 15-year fixed mortgage rate is 2.590% with an APR of 2.910%. The 5/1 adjustable-rate mortgage (ARM) rate is 3.330% with an APR of 4.020%. Check out our mortgage calculator for rates customized to your specific financial needs.

How Bankrate’s mortgage rates are calculated:

Lenders nationwide provide weekday mortgage rates to our comprehensive national survey to bring you the most current rates available. Here you can see the latest marketplace average rates for a wide variety of purchase loans.

Current Mortgage and Refinance Rates

The interest rate table below is updated daily to give you the most current purchase rates when choosing a home loan. APRs and rates are based on no existing relationship or automatic payments. For these averages, the customer profile includes a 740 FICO score and a single family residence. To learn more, see understanding Bankrate’s rate averages.

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